Financial analysts forecast L Brands (LB) growth for the future to be 10.4 percent. LB's most recent annual dividend was $0.70. What is the fair present value of L Brands's stock if the required rate of return is 14.8 percent? (Do not round intermediate calculations. Round your answer to 2 decimal places. (e.g., 32.16)) Fair present value

Financial anabsta forecast L. Brands (L.B) growth for the future to be 10.4 percent, LE's most recent annual dividend was 5070 . What is the foir present value of L Brands's stock if the required rate of return is 148 percent? (Oo not round intermediete calculetions. Round your an wer to 2 decimal places, (e.9,32.16) )